james16 Chart Thread

Quoting SeekingLight

Disliked

Putting aside risk for a moment, I'd say you want to have DBHLC setups at the end of upswings(even better if the pair is in a downtrend) as a reversal OR as confirmation as the end of a retrace after a bigger bearish setup. Basically, anything except at the very low / bottom of a swing/chart...

Also support/resistance should be just ABOVE it, causing the DBHLC to form in the first place, not just below/at it which is imho what 1.4444 has(support, look to the left on 4h, highs).

Ignored

Quoting jatis

Disliked

I missed this trade, nice PB on daily chart

Ignored

Quote

Disliked

i do it slowly..

Quoting mamutot

Disliked

starting with 2000$ account (as i did..)

and risking max 0.5% per trade, taking about 5 trades a month that can provide you 3% a month, can lead you to:

2851$ after one year

not much but at least you are sure that you are consistent, which "allows" you to move one and risk now 1% per trade.

taking same 5 trades a month - that should provide you 6% (simple math..)

that means in $ terms:

5736$ at the end of 2nd year.

now we can make 2 changes that should provide the same:

either taking more trades and managing better, or taking up the risk to 1.5%, anyway we want our profit to grow to 9% a month:

after two more years that will be:

45377$

now - tell me , whoever you may be, that you couldn't go on with your life by making 5 trades a month, risking no more than 1.5% of your account, and making 9% each month to the bank account (thats ~4000$ a month!)

cant you wait to make only good trades during the next 4 years? you are risking too much to see quick profit? do you build your confidence????

i hope that you do realise that in 7 years from now, doing this, can lead you to be financially free person?


good luck,
i do it slowly..

Ignored

Quoting Tiki Trader

Disliked

While those pinnish looking candles suugest price has hit support or that price wants to turn back up... remember that good PBs will stick their noses out a long ways past the previous bar...

I am not saying that price will not continue up here.... just pointing out an idea about Pin Bars...

Ignored

Quoting mamutot

Disliked

starting with 2000$ account (as i did..)

and risking max 0.5% per trade, taking about 5 trades a month that can provide you 3% a month, can lead you to:

2851$ after one year

not much but at least you are sure that you are consistent, which "allows" you to move one and risk now 1% per trade.

taking same 5 trades a month - that should provide you 6% (simple math..)

that means in $ terms:

5736$ at the end of 2nd year.

now we can make 2 changes that should provide the same:

either taking more trades and managing better, or taking up the risk to 1.5%, anyway we want our profit to grow to 9% a month:

after two more years that will be:

45377$

now - tell me , whoever you may be, that you couldn't go on with your life by making 5 trades a month, risking no more than 1.5% of your account, and making 9% each month to the bank account (thats ~4000$ a month!)

cant you wait to make only good trades during the next 4 years? you are risking too much to see quick profit? do you build your confidence????

i hope that you do realise that in 7 years from now, doing this, can lead you to be financially free person?


good luck,
i do it slowly..

Ignored

Quoting mamutot

Disliked

starting with 2000$ account (as i did..)

and risking max 0.5% per trade, taking about 5 trades a month that can provide you 3% a month, can lead you to:

2851$ after one year

not much but at least you are sure that you are consistent, which "allows" you to move one and risk now 1% per trade.

taking same 5 trades a month - that should provide you 6% (simple math..)

that means in $ terms:

5736$ at the end of 2nd year.

now we can make 2 changes that should provide the same:

either taking more trades and managing better, or taking up the risk to 1.5%, anyway we want our profit to grow to 9% a month:

after two more years that will be:

45377$

now - tell me , whoever you may be, that you couldn't go on with your life by making 5 trades a month, risking no more than 1.5% of your account, and making 9% each month to the bank account (thats ~4000$ a month!)

cant you wait to make only good trades during the next 4 years? you are risking too much to see quick profit? do you build your confidence????

i hope that you do realise that in 7 years from now, doing this, can lead you to be financially free person?


good luck,
i do it slowly..

Ignored

Quoting jatis

Disliked

Only 5 Trades per month.

Just wondering how many pairs do you trade mamutot?

Ignored

Quoting raczekfx

Disliked

nice pb on wheat... broken ppz, now testing it from another side..

Ignored

Quoting mamutot

Disliked

starting with 2000$ account (as i did..)

and risking max 0.5% per trade, taking about 5 trades a month that can provide you 3% a month, can lead you to:

2851$ after one year

not much but at least you are sure that you are consistent, which "allows" you to move one and risk now 1% per trade.

taking same 5 trades a month - that should provide you 6% (simple math..)

that means in $ terms:

5736$ at the end of 2nd year.

now we can make 2 changes that should provide the same:

either taking more trades and managing better, or taking up the risk to 1.5%, anyway we want our profit to grow to 9% a month:

after two more years that will be:

45377$

now - tell me , whoever you may be, that you couldn't go on with your life by making 5 trades a month, risking no more than 1.5% of your account, and making 9% each month to the bank account (thats ~4000$ a month!)

cant you wait to make only good trades during the next 4 years? you are risking too much to see quick profit? do you build your confidence????

i hope that you do realise that in 7 years from now, doing this, can lead you to be financially free person?


good luck,
i do it slowly..

Ignored

Quoting raczekfx

Disliked

nice pb on wheat... broken ppz, now testing it from another side..

Ignored

Quoting creeper

Disliked

Let's assume a winning percentage of 70% (wizard has sth like 80 I heard)

Ignored

Quoting creeper

Disliked

hi,
nice post mamutot but as far as I understand it you assume that all your trades are winners. What would be a more accurate calculation is to multiply the winning percentage with the winners and subtracting the losing percentage multiplied with the losers.

Let's assume a winning percentage of 70% (wizard has sth like 80 I heard)

for 5 trades this would be

(0,7*5-0,3*5)*0,5%=1% monthly gain

This builds an account very slowly but the more experienced you get the more you can risk (to a reasonable extent)

so let's say you make 10 trades a month and risk 2 percent

(0,7*10-0,3*10)*2%=8% monthly gain

and this doesn't include adding to winners etc.

Hope my calculations are correct,

Chris

Ignored

Quoting SeekingLight

Disliked

Note the only slightly skewed "leg parity" of the bar after the PB - almost identical length as the left bar before the PB - then the bar closes and a counter-reaction..

Ignored

Quoting Tiki Trader

Disliked

I agree with mike... to play as an Inside Bar, but take a look too at the monthly bar from last month... and remember that it is a super duper BUOB...!!! I'd like to see this months bar end as a PB... and the super duper BUOB started at the bottom of a swing low...

Ignored

Quoting giraia_br

Disliked

i don't understand. If you take a signal of this pin bar, are'nt you going gainst the super BUOB? That BUOB was triggered when its max had broke... or not?

please anyone help me

Ignored